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John Bartolotta's Blog

By John Bartolotta | Mortgage Broker
or Lender in North Brunswick, NJ

New Jersey Jumbo Mortgage Rates


New Jersey Jumbo Mortgage Rates: Our true jumbo mortgage rates continue to trend downward this week in all counties of New Jersey.  Despite the 2012 conforming loan limit remaining at $417,000 to $729,000 in New Jersey, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances for jumbo loans over the current conforming loan limit in your particular county.  My company, Amity Mortgage Corporation., currently has established relationships with several investors that allow us to offer excellent New Jersey Jumbo Mortgage Rates. 

Some counties in New Jersey, such as Mercer County, still have a relative low loan limit for Jumbo Loans.  Our programs allow you to still obtain a low interest rate for your loan.

Currently we have the following New Jersey Jumbo Mortgage Rates with 0 points as of business close on 2/12/2012*:

30 Year Fixed:  Call 908 434 4024 For Customized Quote

10/1 ARM:    Call 908 434 4024 For Customized Quote

5/1 ARM: Call 908 434 4024 For Customized Quote

 *Please call  for specific quotes*,  due to market fluctuation, qualifications and guidelines, our New Jersey Jumbo Mortgage Rates can vary depending on your particular scenario. 

Our New Jersey Jumbo Mortgage Rates can vary from the low 3% range to mid 4% range, depending on whether you are looking for a higher loan-to-value or a fixed rate or adjustable rate loan.

Typical minimum FICO scores in the 680/700 range or higher.  FICO scores are considered to be more a general indicator for this program, and the overall credit picture is reviewed more so than simply a number.  Full Doc loans only, although there are low documentation programs available for New Jersey Jumbo Mortgage Rates. This program is subject to verification of post closing assets and full underwriting, including an appraisal.

Currently with loan to values of up to 80% on purchase money/rate term/cash-out refinances to $800,000, up to 75% on purchase money/rate term/cash-out refinances up to $1,500,000, and up to 70% Financing to $2,000,000.  There are also great programs for second home financing for New Jersey Jumbo Mortgage Rates.  Loan-to-values depend on the specific program you are qualified for and can vary.

We also offer competitive pricing on FHA, VA and Conventional Loans in NJ, as well USDA loans in qualified RD areas. Low documentation programs for self-employed borrowers are also slowly making a comeback as well.

John Bartolotta

Regional Sales Director

Amity Mortgage Corp.

 908-434-4024 Direct Line

732-422-9514 Fax

johnb@amityhomeloan.com

NMLS # 144574

 

* Not a commitment to lend.  Other programs available.  Jumbo Loans are a brokered product.  Equal Housing Lender.  Licensed Mortgage Broker in NJ and PA. 

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